Risk Impact Assessment

Impacts (Consequences)

Record the potential cost and schedule consequences of each project risk. Document impacts with estimated cost exposure and delay to maintain clear visibility of project risk.

Animated view of Mastt risk impacts updating likelihood and impact ratings to calculate pre- and post-mitigation risk levels in the risk register.
More about this feature

Turn risk impacts into clear mitigation actions

Capture the consequences of project risks and document how each one is managed. Record risk ratings, quantify potential cost and schedule effects, and assign mitigation actions so every risk has a clear response plan.

Risk impact assessment interface in Mastt showing likelihood and impact sliders with a project risk matrix.

Configure impacts with quantified risk exposure

Define the potential consequences of each risk and record how it could affect the project cost and timeline. Mastt stores pre- and post-treatment risk ratings so teams can measure how mitigation strategies reduce exposure.

⚠️ Add impacts under each risk to document potential consequences.

📊 Enter likelihood and impact ratings used in the project risk matrix.

💰 Record estimated cost and schedule delay before and after treatment.

📋 Store every impact within the centralized project risk register.

Assign mitigation treatments and track risk reduction

Turn risk mitigation plans into trackable actions linked directly to each impact. Assign responsible owners and update treatment status so project teams can monitor progress and maintain risk control.

Add treatments under each impact to define mitigation actions.

👤 Assign a responsible person or organization for each treatment.

📉 Update post-treatment risk ratings and revised cost or delay estimates.

Assigning risk treatments in Mastt with owner, status, and mitigation details in the risk register.

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FAQs about Risk Impacts

Risk impact assessment is a risk management process used to evaluate how a project risk could affect cost, schedule, or project performance. Teams assess the likelihood and severity of each consequence to understand risk exposure and plan mitigation actions.
Risk impact assessment tools are used by project managers, project controls teams, risk managers, cost managers, and contract administrators. These roles need structured visibility into risk exposure, potential cost impacts, and schedule delays across capital projects.
Mastt records impacts under each project risk with estimated cost and schedule consequences. Teams add mitigation treatments, assign responsibility, and update pre- and post-treatment risk ratings in the risk register.
Yes. Mastt allows teams to assign each treatment to a responsible person or organization. Assigned owners can update treatment status and maintain accountability.
Mastt tracks pre-treatment and post-treatment risk ratings for each impact. Teams update likelihood, impact scores, and revised cost or delay estimates to measure changes in risk exposure.
Yes. Impacts and treatments are linked directly to each risk in the Mastt risk register. This keeps consequences, mitigation actions, ownership, and status organized in one risk management workspace.

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Risk Reporting

Create clear risk reports with software that tracks threats, impacts, treatments, and project risk trends in real time.

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Risk Register

Eliminate spreadsheet risk registers with a single, easy to use table for project & program risks.

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Causes

Identify the cause of a risk and apply impacts & treatments.

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Risk Matrix

Configure a 5x5 or 4x4 risk matrix to assess risk likelihood and impacts.

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Treatments (Mitigations)

Add treatments to reduce the impact or likelihood of a risk occurring.

Learn more

Impacts (Consequences)

Record the potential cost and schedule consequences of each project risk. Document impacts with estimated cost exposure and delay to maintain clear visibility of project risk.

Learn more

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"Moving to Mastt is one of the best decisions my team has ever made. It’s cost-effective, easy to use, and a quick set up."

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"A key factor in our decision to adopt Mastt is its user-friendliness. It had to continue to empower us to work smart, allowing us to consistently deliver excellence across multiple sectors and geographic regions."

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